ONLINE retailer boohoo.com has unveiled its latest acquisition as it revealed plans to snap up the brand of collapsed US fashion firm Nasty Gal in a $20million (£16million) deal.

The group is looking to buy the brand and customer databases of failed group Nasty Gal, which filed for bankruptcy in America on November 9. It comes weeks after boohoo.com acquired rival fashion website Pretty Little Thing for £3.3million and upped its profit outlook following bumper Black Friday trading.Mahmud Kamani and Carol Kane, joint chief executives of boohoo.com, said the Nasty Gal deal is an “ideal next step” for the group.

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They said it was a “fantastic opportunity to add such a well-established, global brand to the Boohoo family”. Los Angeles-based Nasty Gal began as an eBay shop and specialises in fashion for young women.

BP HAS splashed out $1.3billion (£1.1billion) on the Australian fuel business of Woolworths in an effort to drive growth amid enduring pressure from low oil prices. The move will see BP tighten its grip on the Australian market by adding 527 petrol stations and 16 sites under construction to the 350 outlets it already has in the country. I

P HAS splashed out $1.3billion (£1.1billion) on the Australian fuel business of Woolworths

t comes as it looks to build on its UK tie-up with Marks & Spencer by bolstering its 248 Simply Food forecourt stores by a further 50 sites. Tufan Erginbilgic, chief executive of BP Downstream, said the Woolworths deal would create “significant value” for the company.

HOUSEBUILDER Bovis Homes warned over profits as it said that build delays in the run-up to Christmas would hit sales. Kent-based Bovis blamed “slowerthan-expected build production” in December for a knock to its sales rate, with completions on about 180 homes delayed into early 2017.

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Bovis is pencilling in pre-tax profits for 2016 of between £160million and £170.1million

It expects to complete between 3,950 and 4,000 homes in 2016, which will leave it with lower profits than forecast. Bovis is pencilling in pre-tax profits for 2016 of between £160million and £170.1million. This is down from previous expectations of around £183million. But the group said it was in a good position for 2017.